Ethereum Classic ETC/USD completes the trading week near the area of 31.38. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud upper test is expected near the level of 31.00, from which one should expect a rebound attempt and further growth with the target near the 44.00 level.
Ethereum Classic forecast on February 19 — 23, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 20.50. The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 26.50, which indicates a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above the area of 35.50.
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